HomeMy WebLinkAboutResolution No. 14-P1RESOLUTION NO. 14-P1
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE AZUSA
PUBLIC FINANCING AUTHORITY ADOPTING THE BUDGET AND
APPROVING APPROPRIATIONS FOR THE AUTHORITY FOR THE
FISCAL YEAR COMMENCING JULY 1, 2014 AND ENDING JUNE 30, 2015
THE BOARD OF DIRECTORS OF THE AZUSA PUBLIC FINANCING
AUTHORITY DOES RESOLVE AS FOLLOWS:
SECTION 1. The preliminary budget for the Azusa Public Financing Authority for the fiscal
year commencing July 1, 2014 and ending June 30, 2015, presented and reviewed at a at a public
workshop held May 27, 2014, is hereby approved and adopted as the budget of the Azusa Public
Financing Authority for said fiscal year. A copy of said budget is hereby ordered to be filed in the
office of the Secretary and shall be certified by the Secretary as having been adopted by this
resolution.
SECTION 2. From the effective date of said budget, the several amounts stated therein as
proposed expenditures shall be and become appropriated to the respective objects and purposes
therein set forth for the Authority subject to expenditure pursuant to the provisions of all applicable
ordinances of the Authority and statutes of the State. Further, it is established that the Authority will
not exceed its budget.
SECTION 3. Pursuant to Government Code 37208, warrants drawn in payment certified or
approved by the Secretary as conforming to a budget approved by ordinance or resolution of the
Authority Board need not be audited by the Authority Board prior to payment. Budgeted demands
paid by warrant prior to audit by the Authority Board shall be presented to the Authority Board for
ratification and approval at the first meeting after delivery of the warrants.
SECTION 4. The Secretary shall certify to the adoption of this resolution.
PASSED, APPROVED, and ADOPTED this 16th day of June, 2014.
/oseph Romero Rocha
Chairman
I HEREBY CERTIFY that the foregoing Resolution No. 14-P1 was duly adopted by the
Board of Directors of the Azusa Public Financing Authority at a regular meeting thereof held on the
16`b day of June, 2014, by the following vote of the Authority:
AYES:
DIRECTORS:
GONZALES, CARRILLO, MACIAS, ALVAREZ, ROCHA
NOES:
DIRECTORS:
NONE
ABSTAIN:
DIRECTORS:
NONE
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